Thailand's TCC Group to Buy Groupe Casino's Stake in Big C

TODAY: Feb. 7, 2016 PUB DATE: Feb. 7, 2016

By Nick Kostov in Paris and P.R. Venkat in Singapore Groupe Casino SA has agreed to sell its stake in Thai hypermarket operator Big C Supercenter PLC for EUR3.1 billion ($3.46 billion) to a Thai billionaire, according to people familiar ...

China's January Foreign-Exchange Reserves Fall for Third Straight Month

TODAY: Feb. 7, 2016 PUB DATE: Feb. 7, 2016

BEIJING--China's foreign-exchange reserves shrank for the third straight month in January, dropping to the lowest level in more than three years, according to data from the People's Bank of China on Sunday. The foreign-exchange reserves fell by $99.469 billion from ...

Tech Sector Leads Sharp Selloff

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

By Leslie Josephs U.S. stocks declined broadly Friday, led by a rout in technology shares, capping a week that highlighted investors' concerns about tepid economic growth. Friday's slide came after a U.S. Labor Department report on Friday showed job growth ...

U.S. Move to Expand Nuclear Sanctions on North Korea Angers China

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

By Jay Solomon in Washington and Josh Chin in Beijing The U.S. Congress is moving swiftly to approve new sanctions on North Korea that would likely entangle Chinese companies as well, adding to growing animosity between Washington and Beijing. Officials ...

Oil-Price Drop Squeezes States

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

By Mark Peters A deep and prolonged drop in oil prices is increasingly squeezing tax collections in energy-producing states, fueling calls for tax increases and cuts to schools, road projects and other government services. Political fights are brewing in Oklahoma ...

Arcelor Grapples With Glut

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

(FROM THE WALL STREET JOURNAL 2/6/16) By Alex MacDonald and John W. Miller ArcelorMittal, the world's largest steelmaker, said Friday it would issue $3 billion in shares to shore up its finances as it grapples with a global steel glut ...

Foxconn Upbeat On Sharp Deal

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

(FROM THE WALL STREET JOURNAL 2/6/16) By Takashi Mochizuki in Osaka and Wayne Ma in Hong Kong Foxconn Chairman Terry Gou said the Taiwanese iPhone assembler expects to seal a deal to buy troubled electronics supplier Sharp Corp. by the ...

U.S. Move to Expand Nuclear Sanctions on North Korea Angers China

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

By Jay Solomon in Washington and Josh Chin in Beijing The U.S. Congress is moving swiftly to approve new sanctions on North Korea that would likely entangle Chinese companies as well, adding to growing animosity between Washington and Beijing. Officials ...

Chobani Rejects PepsiCo Offer to Buy Stake -- Update

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

By Annie Gasparro and Mike Esterl Chobani Inc. said it rejected an offer from PepsiCo Inc. to buy a majority stake in the company. The U.S. yogurt maker hired Goldman Sachs last summer to seek a partnership with a major ...

China's Central Bank Injects More Cash

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

By Lingling Wei China's central bank pumped more short-term funds into the country's financial system on Saturday, as a surge in demand for cash ahead of the Lunar New Year holiday is starting to squeeze banks' liquidity. Wary of a ...

Tech Stocks Swoon as Growth Disappoints

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

By Maureen Farrell, Aaron Kuriloff and Don Clark A sharp dive in technology shares underscored investor worries about uneven U.S. economic growth, as the latest lackluster corporate outlook, this time from LinkedIn Corp., fueled a rush out of stocks. In ...

Why a Recession Could Arrive Without a Yield Curve Warning

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

By Ben Eisen Investors may not be able to count on a once-reliable economic warning bell to ring before the next recession. Before every one of the past seven U.S. recessions, long-term interest rates fell below short-term rates, producing what ...

Chobani Rejects PepsiCo Offer to Buy Stake

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

By Annie Gasparro and Mike Esterl Chobani Inc. said it rejected an offer from PepsiCo Inc. to buy a majority stake in the company. The U.S. yogurt maker hired Goldman Sachs last summer to seek a partnership with a major ...

Symantec Gets $500 Million Investment From Silver Lake -- Update

TODAY: Feb. 7, 2016 PUB DATE: Feb. 5, 2016

By David Benoit Private-equity firm Silver Lake is making a $500 million investment in Symantec Corp. and taking a board seat in a bid to boost the cybersecurity company, whose stock has flagged despite an industry boom. Symantec will buy ...